Based on a best-selling Japanese text that sold more than 65,000 copies, the book is written in a chatty, colloquial style without compromising the rigor of explaining microeconomic theories. Interspersed with illuminating real-life examples, the book encourages readers to think like an economist with insights on social justice and philosophy.
Based on a best-selling Japanese text that sold more than 65,000 copies, the book is written in a chatty, colloquial style without compromising the rigor of explaining microeconomic theories. Interspersed with illuminating real-life examples, the book encourages readers to think like an economist with insights on social justice and philosophy.
Michihiro Kandori is Professor of Economics at University of Tokyo. He was former Assistant Professor at the University of Pennsylvania and Princeton University, and Taussig Visiting Professor at Harvard University. He is the president of the Game Theory Society (2022-2024) and was a former associate editor of Econometrica, and fellow of the Econometric Society. He has published numerous articles in high-impact journals. He received his PhD from Stanford University under the supervision of Nobel laureate, Paul Milgrom. He has consistently received high ratings for his 'Welcome to Game Theory' course on Coursera (more than 85,000 learners since 2015).
Inhaltsangabe
Part I. Price Theory: Merits and Limitations of the Market Mechanism: 1. Theory of Consumer Behavior 2. The Theory of Firm Behavior 3. Market Equilibrium 4. Market Failures 5. Monopolies Part II. Game Theory and Economics of Information: 6. Simultaneous-Move Games and Nash Equilibrium 7. Dynamic Games and Credible Strategies 8. Insurance and Moral Hazard 9. Adverse Selection and Signaling 10. Last but not Least - Let's Talk about Social Justice and Philosophy Appendix A. Essential Mathematical Concepts: All You Need to Know to Read this Book Appendix B. Constrained Maximization Problems and the Method of Lagrange Multiplier Appendix C. Compensating Variation and Equivalent Variation Appendix D. A Step-by-Step Guide to Proving the Second Welfare Theorem.
Part I. Price Theory: Merits and Limitations of the Market Mechanism: 1. Theory of Consumer Behavior 2. The Theory of Firm Behavior 3. Market Equilibrium 4. Market Failures 5. Monopolies Part II. Game Theory and Economics of Information: 6. Simultaneous-Move Games and Nash Equilibrium 7. Dynamic Games and Credible Strategies 8. Insurance and Moral Hazard 9. Adverse Selection and Signaling 10. Last but not Least - Let's Talk about Social Justice and Philosophy Appendix A. Essential Mathematical Concepts: All You Need to Know to Read this Book Appendix B. Constrained Maximization Problems and the Method of Lagrange Multiplier Appendix C. Compensating Variation and Equivalent Variation Appendix D. A Step-by-Step Guide to Proving the Second Welfare Theorem.
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